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Stamp duty revenue on stock trading up 152.35% in July

(chinadaily.com.cn)
Updated: 2009-08-13 13:14

China's fiscal revenue generated from stamp duty for stock trading reached 7.09 billion yuan in July, up 152.25 percent from the same month last year, the Shanghai Securities News reported today.

China’s stamp tax on stock trading is levied on a share selling process at a ratio of 0.1 percent for each transaction.

The country's stock trading volume grew to 7089.62 billion yuan in July, up 53.5 percent from June, according to statistics from the China Securities Regulatory Commission.

China's July fiscal revenue rose 10.2 percent year-on-year to 669.59 billion yuan, the Ministry of Finance said Wednesday.